15% allowance on capital expenditure would help PSUs, too

India Inc has a good reason to step up capital expenditure (capex). With the Budget proposing an additional investment allowance of 15 per cent for assets acquired and installed in the next two years for over Rs 100 crore in capital spending, companies are expected to get a total benefit of Rs 25,000 crore.
According to an estimate by the Centre for Monitoring Indian Economy (CMIE), India Inc plans fresh capital expenditure of around Rs 5,00,000 crore in 400 projects in the next two financial years.

Factories don't need to switch to alternative fuels to be environment friendly. Converting waste energy to power is a smarter, cheaper, and equally green option.